Dr. Laura De Keyzer: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Dr. Laura De Keyzer
Largest movements
- Receivables within one year +€18,805
up €18,805 (+142%), from €13,289 to €32,094
- Cash -€16,775
down €16,775 (-46.3%), from €36,208 to €19,433
mainly Receivables within one year (-€18,805) and Trade debts (-€2,448)
- Tangible fixed assets -€1,119
down €1,119 (-55.5%), from €2,018 to €898
- Trade debts -€2,448
down €2,448 (-97.9%), from €2,500 to €52
- Reserves +€1,278
up €1,278 (+3.0%), from €42,514 to €43,792
- Accrued charges and deferred income +€1,117
new in 2024: €1,117
- Tax, wage and social debts +€965
up €965 (+64.3%), from €1,500 to €2,465
- Gross operating margin -€52,550
down €52,550 (-93.3%), from €56,342 to €3,792
- Taxes -€10,535
down €10,535 (-91.6%), from €11,500 to €965
- Financial income +€1,387
new in 2024: €1,387
- Financial charges +€604
up €604 (+504%), from €120 to €724
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,514 | €52,425 | +€911 | +1.8% |
| Fixed assets | 21/28 | €2,018 | €898 | -€1,119 | -55.5% |
| Tangible fixed assets | 22/27 | €2,018 | €898 | -€1,119 | -55.5% |
| Furniture and vehicles | 24 | €2,018 | €898 | -€1,119 | -55.5% |
| Current assets | 29/58 | €49,497 | €51,527 | +€2,030 | +4.1% |
| Amounts receivable within one year | 40/41 | €13,289 | €32,094 | +€18,805 | +142% |
| Other amounts receivable | 41 | €13,289 | €32,094 | +€18,805 | +142% |
| Cash at bank and in hand | 54/58 | €36,208 | €19,433 | -€16,775 | -46.3% |
| Total equity and liabilities | 10/49 | €51,514 | €52,425 | +€911 | +1.8% |
| Equity | 10/15 | €47,514 | €48,792 | +€1,278 | +2.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €42,514 | €43,792 | +€1,278 | +3.0% |
| Distributable reserves | 133 | €42,514 | €43,792 | +€1,278 | +3.0% |
| Amounts payable | 17/49 | €4,000 | €3,633 | -€367 | -9.2% |
| Amounts payable within one year | 42/48 | €4,000 | €2,517 | -€1,483 | -37.1% |
| Trade debts | 44 | €2,500 | €52 | -€2,448 | -97.9% |
| Suppliers | 440/4 | €2,500 | €52 | -€2,448 | -97.9% |
| Taxes, remuneration and social security | 45 | €1,500 | €2,465 | +€965 | +64.3% |
| Taxes | 450/3 | €1,500 | €2,465 | +€965 | +64.3% |
| Accrued charges and deferred income | 492/3 | - | €1,117 | +€1,117 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,340 | €1,119 | -€221 | -16.5% |
| Other operating charges | 640/8 | €868 | €1,094 | +€226 | +26.1% |
| Gross operating margin | 9900 | €56,342 | €3,792 | -€52,550 | -93.3% |
| Operating profit (loss) | 9901 | €54,134 | €1,579 | -€52,555 | -97.1% |
| Financial income | 75/76B | - | €1,387 | +€1,387 | |
| Recurring financial income | 75 | - | €1,387 | +€1,387 | |
| Financial charges | 65/66B | €120 | €724 | +€604 | +504% |
| Recurring financial charges | 65 | €120 | €724 | +€604 | +504% |
| Profit (loss) for the period before taxes | 9903 | €54,014 | €2,242 | -€51,772 | -95.8% |
| Income taxes | 67/77 | €11,500 | €965 | -€10,535 | -91.6% |
| Profit (loss) for the period | 9904 | €42,514 | €1,278 | -€41,237 | -97.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,514 | €1,278 | -€41,237 | -97.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.